Tim Beyers

Are you with Rick?

Alright, I'm going to give you a wrinkle and you tell me whether or not this convinces you to go two thumbs up.

What if I tell you that that Discovery Global business is going to be spun off as a public entity and because of Netflix's interest

that 100% interest in that entity, that they're going to get a rich payday.

Let's say that payday in the equity they spent out to the market is $15 billion.

And now they got an extra bit in the war chest there to decide to maybe pay down that debt early, do some other things with it.

Does that change your opinion?

Yeah.

All right.

We got a two thumbs up and we got one and a half thumbs up.

Let's talk about what happened this morning, Rick, and then we're going to move on to close out today's show.

Paramount Skydance announced a hostile bid.

They previously bid.

They bid at least twice for Warner Brothers Discovery.

Both those bids were turned down by the Warner Brothers board.

Today, it's an all-cash offer that is a premium over what Netflix has bid.

$30 a share, roughly $108.4 billion.

Paramount stock is on the rise.

As we talked this morning, Rick, it was up more than 6%.

Warner Brothers stock up more than 7%.